Leadership Change at Mattress Firm

Management Changes - John Eck has stepped down as CEO of Mattress Firm, with a consulting agreement in place for a smooth transition [2] - Scott Thompson, Chairman and CEO of Tempur Sealy, will serve as Interim CEO of Mattress Firm during the transition period [2] - A new CEO for Mattress Firm is expected to be appointed within the next 6 to 9 months [2] Company Rebranding - Tempur Sealy will change its name to Somnigroup International Inc. effective February 18, 2025 [3] - Mattress Firm, Dreams, and Tempur Sealy will operate as decentralized business units under Somnigroup International [3] Business Operations - Mattress Firm and Dreams will continue to operate as multi-branded retailers, while Tempur Sealy will serve third-party retailers and direct-to-consumer channels [3] - Tempur Sealy is a leading designer, manufacturer, distributor, and retailer of bedding products, committed to improving sleep globally [4] Environmental Commitment - The company aims to achieve carbon neutrality for its global wholly owned operations by 2040 [6]